And the Survey Says…

Well the results are in from our Sixth Annual Growth Strategies surveyof the CEO’s of small and mid-market companies in the Greater Philly region and for those of you who haven’t seen the results yet, they’re very encouraging.

Some of the key highlights…

  • Businesses that survived the downmarket are now investing and growing
    • Finding, developing and keeping good people is a top priority (although with all of the competition out there the Institute for Trends Research is predicting wage inflation especially for key jobs)
      • Over half of the CEO’s who responded say that their revenue grew over 10% in 2011 and almost 9 out of 10 are predicting revenue growth in the coming year
        • Investments are also predicted in 2012 for capital expenditures and training and development – and about a third of those surveyed are investing in their Executive team – which I find very encouraging…

But some of the best news I think is that the companies surveyed are growing – profitablyalmost 80% said that profitability last year was up.

And while 40% are missing their targets, that’s a huge improvement from the results over the last few years.

BTW, if you’d like to read more, click here for the link to the survey…and the powerpoint presentation.

And if you’re one of the CEO’s looking to develop your leadership team, join me in Atlanta on May 15th and 16th for theFortune Leadership Summit with the likes ofJim Collins – who’s keynoting and Jim Stengel, former Global Marketing Officer at my old stomping grounds, Procter and Gamble and author of“Grow:  How Ideals Power Growth and Profit at the World’s Greatest Companies”. Here’s the link for more info…let me know if you can attend!

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